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OmiseGo

OmiseGo (OMG)

$ 0.06
34.12 %
Main info
News
Comments
Markets
Analytics
Market cap
$9.11M
34.12 %
Volume (24h)
$4.09M
34.12 %
Circulating supply
140,245,398 OMG
Total supply
140,245,398 OMG
Max. supply
140,245,399 OMG

About OmiseGo

Overview

The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.

Features

  • White-label SDK Build an app with our SDK to enable wallet-to-wallet transactions of crypto and fiat currencies, loyalty points, game credits and more.
  • Digital Asset Gateway Use the OMG network to access, manage, and transact with digital assets that are kept securely on chain.
  • Decentralized Exchange Offer a decentralized exchange mechanism to provide multi-asset and cross-chain interoperability, that is scalable and secure via proof-of-stake.
  • Clearinghouse Secure and rapid transaction clearing with the use of Ethereum smart contracts and protocol consensus.

Key data

updated $0
Market cap$9.11M
Volume 24h$4.09M
Circulating supply140.25M100% of max 140.25M

OmiseGo (OMG) is a cryptocurrency and decentralized payment network originally built on Ethereum, designed to make transferring and exchanging money cheaper and faster. Its big idea was "banking the unbanked" — letting people swap currencies and assets without relying on banks or payment processors. The OMG token (ticker: OMG) is an ERC-20 standard token that powers the network.

Frequently asked questions

What is OmiseGo and how is it different from other cryptocurrencies?

OmiseGo started as a payment-focused project aiming to connect traditional finance with blockchain through a decentralized exchange and payment network. Unlike coins that run on their own blockchain, OMG is an ERC-20 token on Ethereum, which means it benefits from Ethereum's security and infrastructure. Its focus was always on real-world payments rather than just being a store of value.

How does the OmiseGo network work?

OmiseGo was built on Ethereum and used a scaling approach based on a child-chain architecture, where most transactions happen off the main chain and only checkpoints settle on Ethereum. The network relied on a proof-of-stake style consensus for validating activity on its plasma-based design. Later the project evolved into OMG Network, focusing on a plasma sidechain that batches transactions to reduce fees and congestion on Ethereum.

How is the OMG token supply structured?

OMG has a fixed maximum supply of tokens created at the token's launch — no new tokens are mined or minted over time. The total supply was established when the smart contract was deployed, making the emission fully transparent and verifiable on-chain. This fixed-supply model was one of the project's selling points from the start.

How can I store and use OMG tokens?

Since OMG is an ERC-20 token, it works with any Ethereum-compatible wallet, including hardware wallets like Ledger and Trezor, or software wallets such as MetaMask and Trust Wallet. You can send and receive OMG like any Ethereum token, just keeping in mind that transfers require ETH for gas fees. Always double-check the official contract address (0xd26114cd6ee289accf82350c8d8487fedb8a0c07) before interacting with the token to avoid fakes.